Free Trial

Russia Reluctant to Comment on Nord Stream 2 Nationalisation

NATURAL GAS

Russia has been quiet on Germany’s potential plan to nationalize a section of the Nord Stream 2 gas pipeline, reported in Der Spiegel today.

  • "Let’s not delve into hypothetical discussions. If there are any specific actions, then first of all, lawyers will be the ones responsible for providing a legal assessment of such actions, if they are indeed being discussed," Kremlin Spokesman Dmitry Peskov said on the matter, adding, "Without knowing the essence of what is happening, it would be wrong to say anything".
  • Der Spiegel reported that the German Ministry for Economic Affairs and Climate Protection is studying plans to nationalize the German section of the Nord Stream 2 pipeline and connect it to a floating terminal for receiving liquefied natural gas.
  • The CEO of Gazprom Alexey Miller, has previously said that both strings of the Nord Stream 2 are operational and gas can be delivered to Germany at any moment.
  • Nord Stream 1 is currently delivering gas from Russia to Germany at 40% capacity, with Gazprom citing repair issues.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.